CHART: Spending v Receipts in Full

Public sector net borrowing is up from £86 billion in 2012-13 to £108 billion in 2013-14. It will fall to £42 billion by 2017-18, but the borrowing forecast for the entire parliament has risen by at least £140 billion. Herein lies the problem…




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Quote of the Day

Speaking at the Salzburg Summit on the Brexit negotiations, Juncker revealed:

“No decision will be taken here. Whenever the Commission is too flexible things are going wrong.”

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